MICRO AND MACRO ECONOMICS

1. Present By
MD. SHOWKOT USMAN

2. Micro Economics
Definition of Micro Economic:
K.E Boulding define Micro Economics :
“Micro Economic is the study of particular firms,
particular households, individual prices, wages,
incomes, individual industries, particular
commodities.”

3. Macro Economics
K.E Boulding define Macro Economics :
“Macro economic deals not with individual quantities as
such but aggregates of these quantities; not with individual
income but with national income ; not with individual
output but with national output . ”

4. Functio
ning of
the
market
econom
y
Allocatio
n of
resource
s
Price
determi
nation
Economic
efficiency
Helpful
in
interna
tional
trade
Useful in
business
decisions
Formulat
ion of
economi
c policy
Importance of Micro economics

5. Importance of Macro economics
Understanding
the working of
the economy
Understandin
g the major
issues facing
the economy
Study of
national
income
Insight into
micro
economics
Useful in
formulating
governmen
t's
economic
policies
Internatio
nal
compariso
n

6. THE END